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Nio (NYSE: NIO) stock price plunge is not ending. The shares collapsed to a low of $3.90 on Monday and the sell-off continued in the pre-market session. It has slipped by over 57% this year and by about 60% in the past 12 months. That plunge has brought the company’s market capitalization to about $8 […]

• April 16, 2024 06:52 AM PDT
• Invezz

Vodafone Idea’s (NSE: IDEA) share price formed a dangerous pattern as investors shifted their focus to the upcoming share sale. It formed a double-top pattern at ₹18.40 on January 1st and February 23rd of this year. It was trading at ₹13 on Tuesday, almost 30% below its highest point this year. Vodafone Idea share sale […]

• April 16, 2024 04:58 AM PDT
• Invezz

Arguably the biggest news for markets in 2024 has related to inflation, with investors watching the latest CPI figures around the world for the first signs of interest rate cuts. Currently, the United Kingdom, the EU, New Zealand and South Africa are all in the spotlight, as they release March CPI and CPIH data tomorrow […]

• April 16, 2024 04:55 AM PDT
• Invezz

Morgan Stanley (NYSE: MS) has once again demonstrated its resilience and strength in the financial markets with an impressive 2024 first-quarter earnings report. The renowned Wall Street firm reported net revenue of $15.1 billion, surpassing analysts’ expectations and marking a significant increase from $14.5 billion in the same period last year. The firm has seen […]

• April 16, 2024 04:52 AM PDT
• Invezz

Today, on 16th April Bank of America’s earnings report for the first quarter of 2024 was published on its official website.Bank of America reported a net income of $3.1 billion, or $0.35 per diluted share, compared to $7.1 billion, or $0.85 per diluted share in Q4-22. The net interest income (NII) decreased 5% to $13.9 […]

• April 16, 2024 04:22 AM PDT
• Invezz

The iShares 20+ Year Treasury Bond ETF (TLT) ETF stock price continued its freefall this week as risks to the American economy continued rising. The fund also plunged to its lowest point since November 2023 as hopes of swift Federal Reserve rate cuts faded. It retreated to $88 in the pre-market session to $88.50, much […]

• April 16, 2024 03:58 AM PDT
• Invezz

Pharmaceutical and consumer staples titan Johnson & Johnson reported its Q1 2024 financial results before US markets opened this morning. Johnson & Johnson announced significant turnaround in its net earnings, with $5.3 billion in net earnings for Q1 from continuing operations, versus the $491 million loss of Q1 2023 for the same category. Sales, operational […]

• April 16, 2024 03:56 AM PDT
• Invezz

HashKey Group’s global crypto exchange, Hashkey Global, opened its licensed crypto listing scheme, offering high-quality projects an opportunity to expand their reach. That comes after Hong Kong’s regulator authorized the first Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs). HashKey’s token listing scheme According to a local outlet, the trading firm revealed plans to […]

• April 16, 2024 03:33 AM PDT
• Invezz

The Russian ruble (RUB) continued its freefall against the US dollar as the market reacted to the soaring oil shipment data. The USD/RUB exchange rate jumped to 93.98 on Tuesday, its highest level since February. USD/RUB chart by TradingView Russia’s oil sales are soaring A report published on Tuesday showed that the amount of Russian […]

• April 16, 2024 02:49 AM PDT
• Invezz

In a significant development for Elon Musk’s satellite internet venture, Starlink, the company has received in-principle approval from India’s telecom ministry, according to a report published in The Economic Times. This clearance comes just days ahead of Musk’s highly anticipated meeting with Prime Minister Narendra Modi, potentially heralding a new era of high-speed internet connectivity […]

• April 16, 2024 02:37 AM PDT
• Invezz